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Mario Lemieux reportedly wants $750 million for Pittsburgh Penguins

By The Sports Xchange
Pittsburgh Penguins owner Mario Lemieux. UPI/Archie Carpenter
Pittsburgh Penguins owner Mario Lemieux. UPI/Archie Carpenter | License Photo

Co-owners Mario Lemieux and Ron Burkle are seeking $750 million for the Pittsburgh Penguins, according to a report by TSN.

That would be a record sale price for a U.S. NHL team, sports economist Drew Dorweiler told TSN.

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Forbes magazine valued the Penguins at $565 million last year. Lemieux, Burkle and a group of minority owners bought the franchise for $107 million out of bankruptcy in 1999.

The NHL is expected to charge at least $500 million for possible expansion teams.

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